please answer the folowwing

7:00 PM 0.3KB/s / ill 51 Quizzes D Question 26 1 pts Shine Company offers a coffee mug as a premium for every ten P2.50 candy bar wrappers presented by customers together with P10.00. The purchase price of each mug to the company is P8.00; in addition, it costs P5.00 to mail each mug. The results of the premium plan for the years 2018 and 2019 are as follows (assume all purchases and sales are for cash): 2018 Coffee mugs purchased 480,0C Candy bars sold 3,750,0 Wrappers redeemed 1,900,0 2018 wrappers expected to be7:00 PM 0.0KB/s / ill 51 Quizzes Coffee mugs purchased 480,0C Candy bars sold 3,750,0 Wrappers redeemed 1,900,0 2018 wrappers expected to be 1,300,0 redeemed in 2019 2019 wrappers expected to be redeemed in 2020 What is the amount of premium expense to be recognized in 2019? P540,000 P690,000 P990,000 P840,000Question 27 1 pts At the beginning of 2021, Wallace Corporation issued 10% bonds with a face value of P1,800,000. These bonds mature in the five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for P1,667,518 to yield 12%. Wallace uses a calendar-year reporting period. Using the effective-interest method of amortization, what amount of interest expense should Wallace Corporation report for 2021? 100,051 180,000 200,705 100,654Question 30 2 pts Wilken sells microwaves that carry with them a two-year warranty against hidden defects. The estimated warranty cost related to peso sales is 3% on the year of the sale, and 5% on the year after sale. Actual Sales Warranty Expenditure 2021 P 800,000 P 20,000 2022 1,000,000 70,000 How much is the warranty expense in 2022? [ Select ] How much is the warranty liability at the end of 2021? [ Select ]L) Question 31 1 pts On February 5, 2022, an employee led a P2,000,000 lawsuit against Steel Co. for damages suffered whon one of Steel's plant exploded on December 29, 2021. Steel's legal counsel expects the company will lose the lawsuit and estimates loss to be between P500000 and P1,000,000. In its December 31, 2021 balance sheet, what amount should Steel report as liability from the lawsuit? ._'_ . 2,000,000 . 1,000,000 i,__,.u 1,000,000 ._ 2.000.000 ._ 500,000 ._ _. $50,000